Wealthfront Advisers LLC Has $19.73 Million Position in PepsiCo, Inc. $PEP

Wealthfront Advisers LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 36.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,398 shares of the company’s stock after buying an additional 40,307 shares during the period. Wealthfront Advisers LLC’s holdings in PepsiCo were worth $19,727,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. GAMMA Investing LLC raised its position in PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after buying an additional 6,712 shares during the last quarter. Board of the Pension Protection Fund lifted its stake in PepsiCo by 133.3% during the 1st quarter. Board of the Pension Protection Fund now owns 1,400 shares of the company’s stock valued at $210,000 after acquiring an additional 800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of PepsiCo by 13.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,037,786 shares of the company’s stock worth $154,099,000 after acquiring an additional 124,386 shares in the last quarter. Finally, 3Chopt Investment Partners LLC raised its holdings in shares of PepsiCo by 18.7% in the first quarter. 3Chopt Investment Partners LLC now owns 14,169 shares of the company’s stock valued at $2,124,000 after purchasing an additional 2,235 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $151.55 on Friday. The firm has a market capitalization of $207.22 billion, a PE ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The company has a 50-day moving average price of $145.97 and a two-hundred day moving average price of $139.62. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $174.00.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the company posted $2.31 EPS. PepsiCo’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PEP. Jefferies Financial Group upped their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Tuesday, October 21st. Finally, Rothschild & Co Redburn lifted their target price on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $156.95.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.